CLEM V. SKINNER, ET AL., C.A. 2021-0240-LWW (DEL. CH. FEB. 19, 2024) This Caremark decision involved the retail pharmacy company, Walgreens, and concerned billing practices for a particular insu...
IN RE ORACLE CORP. DERIV. LITIG., CONSOL. C.A. NO. 2017-0337-SG (DEL. CH. FEB. 7, 2024) Under the mootness rule, a stockholder plaintiff can be awarded attorneys’ fees when the plaintiff’s l...
TORNETTA V. MUSK, ET AL., C.A. 2018-0408-KSJM (DEL. CH. JAN. 30, 2024) Stockholders of Tesla, Inc. brought a derivative action against Elon Musk and six individual Tesla directors, alleging that...
CHORDIA V. LEE, C.A. NO. 2023-0382-NAC (DEL. CH. JAN. 4, 2024) In this case, as part of a sale of a majority interest, a stockholder agreement granted the founders the ability to designate membe...
CANTOR FITZGERALD, L.P., V. AINSLIE, NO. 162, 2023 (DEL. JAN. 29, 2024) Here, a limited partnership agreement authorized the partnership to withhold distributions owed to a partner who withdraws...
WHITESTONE REIT OPERATING PARTNERSHIP L.P. V. PILLARSTONE CAPITAL REIT, C.A. NO. 2022-0607-LWW (DEL. CH. JAN. 25, 2024) In Delaware, the implied covenant of good faith and fair dealing is inhere...
PALKON V. MAFFEI, C.A. 2023-0449-JTL (DEL. CH. FEB. 20, 2024) This decision arose out of TripAdivor’s conversion from a Delaware corporation into a Nevada corporation. The company’s CEO and ...
PRINCIPAL GROWTH STRATEGIES LLC V. AGH PARENT LLC, C.A. 2019-0431-JTL (DEL. CH. JANUARY 25, 2024) This decision provides helpful guidance to practitioners to address pleading-stage arguments for...
SEGWAY INC. V. HONG CAI, C.A. NO. 2022-1110-LWW (DEL. CH. CT. DEC. 14, 2023) The Caremark doctrine recognizes the duty of oversight for directors of Delaware corporations. Under In re McDonald's...
IN RE PROASSURANCE CORP. STOCKHOLDER DERIVATIVE LITIG., CONSOL. C.A. NO. 2022-0034-LWW (DEL. CH. OCT. 2, 2023) Claims against corporate fiduciaries for breaches of the duty of oversight are coll...
IN RE SEARS HOMETOWN AND OUTLET STORES, INC. S’HOLDER LITIG., C.A. NO. 2019-0798-JTL (DEL. CH. JAN. 24, 2024) Here, a special committee of the board supported a plan to liquidate the company�...
DIDONATO V. CAMPUS EYE MANAGEMENT, LLC, C.A. NO. 2023-0671-LWW (DEL. CH. JAN. 31, 2024) In governance disputes among LLC constituencies, the operating agreement is the beginning and often end po...
PAUL V. ROCKPOINT GROUP LLC, C.A. 2018-0907-JTL (DEL. CH. JAN. 29, 2024) This dispute arose from a disagreement over the authority of an appraiser to include legal assertions and extrinsic evide...
KAUFMAN V. DNARX LLC, C.A. NO. 2022-0968-KSJM; C.A. NO. 2022-0982-KSJM (DEL. CH. DEC. 29, 2023) (ORDER) The Court of Chancery has broad power to address litigation misconduct. This sanctions ord...
PILOT CORP. V. ABEL, C.A. NO. 2023-0813-MTZ (DEL. CH. DEC. 13, 2023) Here, the plaintiff claimed that the adoption of pushdown accounting constituted a change to accounting rights that triggered...